Compensation - McGraw-Hill Introduction to Business

[VIDEO] Why is Everything Getting So Expensive?

March 10, 2023

Prices on everyday products like groceries and diapers have increased dramatically in the last couple of years, with inflation often being identified as the culprit. This video takes a close look at the potential causes of the post-pandemic trend of rising inflation, examining why supply chain issues and plain old markups could be responsible for ever-increasing prices.

Questions:

What are the potential causes of inflation outlined in this video? Which factor do you think is the most likely cause Continue reading →

Rising Inflation Could Damage Economic Gains Made by Women

March 8, 2023

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People around the world celebrate International Women’s Day every March 8th, paying tribute to the achievements of women while also campaigning for greater gender equality. While issues like equal pay and opportunity for women have certainly received a lot of attention in recent years, companies still have a long way to go before they reach total parity. To make matters worse, economists say that women are disproportionately feeling the effects of the cost of living crisis brought on by rising Continue reading →

Compensation, Ethics, Gender equity, Global, Hiring, Human Resources, Management, Motivation, Regulation, Wage gap

Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership

[VIDEO] Why Layoffs Are Hitting Professional Workers

January 11, 2023

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As the post-pandemic economic recovery slows down, many companies are looking to trim their bottom lines through restructuring and layoffs. Unlike in previous downturns, however, professional employees have largely been on the receiving end of these job cuts. The video below examines why white collar workers are more likely to receive a pink slip than their blue collar brethren.

Questions:

Why are white collar workers facing a disproportionate amount of layoffs as the economy slows down?
How can the strong Continue reading →

Compensation, Ethics, Frontline workers, Human Resources, Layoffs, Recession, Supply & Demand

Bonus Chapter B: Technology and New Media, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Videos

Big Business Gets a Big Boost from Controversial World Cup

December 2, 2022

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The 2022 FIFA World Cup moves into the knockout stages this weekend, a nerve-wracking time when teams can be eliminated with a single loss. While the tournament’s soccer stars will experience a dramatic increase of tension on the field, the host country Qatar has already faced plenty of global pressure since FIFA awarded them the event in 2010. The Middle East nation has long been accused of using corruption to land the World Cup, leading to a 2015 indictment from Continue reading →

California Passes Law Regulating Fast Food Industry

September 7, 2022

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Last week, California’s legislature passed a bill that will bring sweeping changes to fast food chains operating in the state. After being signed into law by the governor on Monday, the new legislation effectively sets a minimum wage for the industry while also establishing new safety and anti-discrimination requirements. California will create a 10-person council composed of restaurant workers and employer representatives along with two state officials, who will all review pay and safety standards across the state’s restaurant industry. Continue reading →

Compensation, Ethics, Food & Drink, Franchising, Human Resources, Labor Relations, Motivation, Operations Management

Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 5: Forms of Business Ownership, Chapter 9: Production and Operations Management

[VIDEO] The Fall (and Rise?) of Unions in the U.S.

August 12, 2022

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Thousands of workers at Amazon warehouses and Starbucks stores across the country have voted to unionize in recent months, potentially reversing decades of declining union membership in the U.S. This video takes a close look at the history of unions in postwar America, examining the reasons why service industries largely stayed unorganized and how that could change in the coming years.

Questions:

Why did union membership start to decline in the 1970s and 1980s?
Do you think U.S. legislators Continue reading →

Compensation, Ethics, Global, Human Resources, Labor Relations, Manufacturing, Motivation, Unions

Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Videos

Thousands of Flights Delayed or Canceled over Holiday Weekend

June 22, 2022

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Americans traveled in droves over the busy Father’s Day and Juneteenth holiday weekend, leading to widespread delays and cancellations at airports despite the best efforts of carriers. All told, airlines canceled more than 5,000 flights over the weekend while almost a third of all arriving flights on Friday were delayed. Travelers experienced similar moments of chaos at airports over Memorial Day weekend, reflecting an industry struggling to return to normal after the pandemic.

According to airlines, poor weather and high Continue reading →

Airlines, Compensation, Ethics, Global, Operations Management, Pandemic, Supply & Demand, Transportation, Travel, Unions

Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management

[VIDEO] How the ‘Great Resignation’ Is Reshaping the American Workforce

November 16, 2021

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The pandemic completely upended the concept of work in the U.S., resulting first in mass layoffs as companies closed down followed by mass resignations when businesses returned. This video looks at how the first problem may have led to the “Great Resignation” as workers continue to leave their jobs and companies struggle to attract talent.

Questions:

Why have employment rates in travel and hospitality struggled to return to pre-pandemic levels?
What are some of the causes of the Great Resignation? Continue reading →

Compensation, Global, Hiring, Human Resources, Labor Relations, Motivation, Supply & Demand, Travel

Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Videos

[VIDEO] How Scarlett Johansson’s Disney Lawsuit Could Change Actor Pay

August 13, 2021

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Last week, we looked at how Scarlett Johansson filed a lawsuit against Disney alleging that Black Widow’s premiere on the company’s streaming platform deprived the movie star of income. The video below dives into further detail about how this upcoming legal battle could set the stage for big changes in Hollywood as on-screen talent looks to grab a piece of the increasingly important streaming market.

Questions:

How could Scarlett Johansson’s lawsuit against Disney potentially transform actor compensation in Continue reading →

Compensation, Entertainment, Ethics, Labor Relations, Movies, Product Distribution, Streaming

Bonus Chapter B: Technology and New Media, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility

Disney Faces Movie Star Lawsuits for Streaming Premieres

August 3, 2021

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For decades, Hollywood’s top movie stars have brokered contracts that grant them a percentage of a film’s box office earnings in addition to their multi-million dollar salaries. Then the pandemic hit last year and completely upended the industry’s long-established practice of premiering movies in theaters. Instead, studios like Disney and Warner Bros. released new titles through the streaming platforms Disney+ and HBO Max as $30 single-viewing rentals.

Once theaters began to reopen in 2021, studios combined both of these Continue reading →

Compensation, Disney, Entertainment, Ethics, Marvel, Movie theaters, Movies, Product Distribution, Streaming

Bonus Chapter B: Technology and New Media, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 15: Distribution, Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility